what are the causes of rightward shift in the budget line
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Explanation:
When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line. On the other hand, when there is a decrease in income, the consumer's consumption possibility decreases, and the budget line shifts inwards.
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Answer:
- When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line.
- On the other hand, when there is a decrease in income, the consumer's consumption possibility decreases, and the budget line shifts inwards
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